Willis Towers Watson (WTW) Operating Margin (2009 - 2026)
Willis Towers Watson's (WTW) quarterly Operating Margin came in at 14.76% in Q2 2026, down 152.0% YoY from 28.39% in Q2 2025, and down 20.53% on a QoQ basis from 18.57% in Q1 2026.
Willis Towers Watson (WTW) Operating Margin (2009 - 2026) Analysis & Trends
Willis Towers Watson (WTW) has 18 years of Operating Margin data on file, last reported at 14.76% in Q2 2026.
- Quarterly Operating Margin fell 152.0% year-over-year to 14.76% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 22.23% (up 1270.0% YoY) and the FY2025 annual result came in at 23.01%, up 1670.0% from the prior year.
- Operating Margin slipped to 14.76% in Q2 2026, from 18.57% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 34.6% in Q4 2025 to a low of 33.46% in Q3 2024.
- A 5-year average of 13.43% and a median of 13.73% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin tumbled 4944 bps — and 2025, when it soared 5173 bps.
- Tracing WTW's Operating Margin over 5 years: stood at 26.01% in 2022, then climbed by 3 bps to 26.73% in 2023, then grew by 11 bps to 29.69% in 2024, then grew by 17 bps to 34.6% in 2025, then tumbled by 57 bps to 14.76% in 2026.
- The last three Operating Margin figures came in at 14.76% (Q2 2026), 18.57% (Q1 2026), and 34.6% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 265.68 Bn | 265.68 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 92.54 Bn | 80.34 Bn | 6.04 Bn | 25.65% |
| 3 | Aon | 75.85 Bn | 74.58 Bn | - | 21.55% |
| 4 | Arthur J. Gallagher | 67.33 Bn | 65.95 Bn | - | - |
| 5 | Willis Towers Watson | 32.27 Bn | 30.61 Bn | 2.09 Bn | 14.76% |
| 6 | Brown & Brown | 24.03 Bn | 23.11 Bn | 1.41 Bn | 6.68% |
| 7 | Erie Indemnity | 12.19 Bn | 11.84 Bn | - | 18.73% |
| 8 | Neptune Insurance Holdings | 4.56 Bn | 4.54 Bn | - | 47.52% |
| 9 | Accelerant Holdings | 4.27 Bn | 2.62 Bn | 285.20 Mn | 2.02% |
| 10 | Corvel | 3.59 Bn | 3.24 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.76% |
| Mar 31, 2026 | 18.96% |
| Dec 31, 2025 | 33.06% |
| Sep 30, 2025 | 18.66% |
| Jun 30, 2025 | 16.28% |
| Mar 31, 2025 | 19.43% |
| Dec 31, 2024 | 28.35% |
| Sep 30, 2024 | -33.46% |
| Jun 30, 2024 | 9.36% |
| Mar 31, 2024 | 11.96% |
| Dec 31, 2023 | 28.48% |
| Sep 30, 2023 | 7.49% |
| Jun 30, 2023 | 6.70% |
| Mar 31, 2023 | 12.70% |
| Dec 31, 2022 | 25.08% |
| Sep 30, 2022 | 7.89% |
| Jun 30, 2022 | 6.94% |
| Mar 31, 2022 | 8.29% |
| Dec 31, 2021 | 25.50% |
| Sep 30, 2021 | 57.32% |